Billionaire Bill Ackman is making headlines after reports that the much-hyped IPO of his investment fund Pershing Square USA is eyeing to raise just about $2...
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Techs led stocks higher as key earnings revived AI optimism and Fed chief Jerome Powell said a September rate cut is possible. Read More...
After facing declines in chip shipment counts, now Arm is focusing on higher-value markets, including accelerators for artificial intelligence. Read more...
Recovering chipmakers like Nvidia (NVDA) are leading the charge in the tech-heavy Nasdaq Composite (^IXIC), which surged by over 2.6% in Wednesday's session as...
As the day draws to a close, here are the key events to watch for on Thursday, August 1, 2024. On the earnings front, two more members of the "Magnificent...
Handset sales rose 12% on a year-over-year basis, which suggests that a deep slump in smartphone sales over the past two years is abating. Read more...
Anheuser-Busch InBev is set to report earnings Thursday before market open. Read More...
Carvana expects 2024 to be a record year for the used car retailer, including adjusted EBITDA of between $1 billion and $1.2 billion. Read more...
Facebook and Instagram parent company Meta reported better than anticipated earnings after the bell on Wednesday, but warned of growing cap-ex in 2025. Read...
Nvidia shares soared as tech stocks led markets higher following a bullish note from analysts at Morgan Stanley and strong results from AI chip peer AMD. Read...